Republican

Circuit

Gary

<p>Nearly two years after his conviction, the former CEO of FTX sees his future replayed on appeal. The Second Circuit Court of Appeals set the hearing for November 4, a key step in this crypto trial.</p>
<div class="in-brief">
 <div class="in-brief--container"><span></span> <span></span>
  <h2 class="in-brief--title" id="in-brief">In brief</h2>
  <ul>
   <li>Sam Bankman-Fried prepares his judicial appeal, scheduled for November 4.</li>
   <li>The former CEO of FTX challenges his conviction for fraud related to the platform’s collapse.</li>
   <li>This appeal could overturn one of the most publicized crypto trials of the decade.</li>
  </ul>
 </div>
</div>
<h2 id="h-a-trial-that-continues-to-weigh-on-the-crypto-ecosystem">A trial that continues to weigh on the crypto ecosystem</h2>
<p>Sam Bankman-Fried, aka SBF, is currently serving a 25-year prison sentence for fraud and conspiracy. Convicted on seven counts, he remains the emblematic figure of a striking collapse in the crypto ecosystem.</p>
<div class="my-4">
 <div class="ads ">
 </div>
</div>
<p>FTX, once presented as a solid giant, collapsed in November 2022 under the weight of an insurmountable liquidity crisis. Clients’ crypto funds diverted to Alameda Research reveal fragile governance and absent risk management.</p>
<p>The appeal SBF is preparing is therefore far from trivial. His lawyers argue that the former CEO never truly benefited from a presumption of innocence and that the prosecution imposed a biased narrative, making it seem that the crypto funds were definitively lost. A nuance that could, if accepted, reopen the path to a new trial or a revised sentence.</p>
<div class="affiliate-button"><a href="https://share.bitget.com/u/QXXY4HBN" target="_blank" rel="noopener noreferrer nofollow">Your 1st cryptos with Bitget</a> <a href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">This link uses an affiliate program.</a>
</div>
<h2 id="h-allies-falling-one-after-another">Allies falling one after another</h2>
<p>Around SBF, his former associates have already paid their judicial price. Caroline Ellison, former CEO of Alameda and ex-partner of Sam Bankman-Fried, received a two-year prison sentence after cooperating with justice. Gary Wang and Nishad Singh, also repentant, received only symbolic sentences, their cooperation weighing heavily in the balance.</p>
<p>Ryan Salame, on the other hand, took a different strategy: retracting his guilty plea. The result: over seven years in prison. A clear sign that the American justice system wants to emphasize exemplary punishment in this crypto case related to FTX.</p>
<p>This mosaic of convictions illustrates a striking contrast: SBF is the only one who held on to his plea of not guilty until the end. A risky stance that now costs him a long incarceration in a federal Californian facility, with a theoretical release scheduled for October 2044.</p>
<h2 id="h-between-appeal-and-rumors-of-presidential-pardon">Between appeal and rumors of presidential pardon</h2>
<p><a href="https://cointelegraph.com/news/court-appeal-sam-bankman-fried-arguments" target="_blank" rel="noopener noreferrer nofollow">The November 4 appeal</a> is not the only glimmer of hope for Bankman-Fried. Rumors are already circulating about a possible request for a presidential pardon from Donald Trump. The fallen billionaire recently hinted at a more openly assumed closeness to the Republican camp, a political as well as judicial strategy.</p>
<p>But the prospect remains uncertain. Trump, upon his return to power, surprised by <a href="https://www.cointribune.com/en/bitcoin-why-does-trump-want-to-save-ross-ulbricht/" target="_blank" rel="noopener noreferrer nofollow">pardoning Ross Ulbricht</a>, the founder of the dark market Silk Road. However, the SBF case is of a different magnitude: public opinion is particularly sensitive because it is not just abstract financial crime but millions of savers defrauded worldwide.</p>
<p>Whether the appeals court decides to reduce his sentence or the White House chooses to extend a hand, one thing is clear: <a href="https://www.cointribune.com/en/transferred-in-secret-sam-bankman-fried-abandoned-by-all-after-a-shocking-revelation/" target="_blank" rel="noopener noreferrer nofollow">Sam Bankman-Fried’s story is far from over</a>. And his fate continues to reflect, for the crypto industry, a brutal lesson on the importance of transparency and governance.</p>
<div class="my-4">
 <div class="ads ">
 </div>
</div>

Crypto: Sam Bankman-Fried’s Appeal Hearing Scheduled for November 4

Table of Contents

Cointribune EN

Other articles published on Sep 12, 2025

Join our free newsletter for daily crypto updates!